Stats: 3,169,216 members, 7,873,955 topics. Date: Thursday, 27 June 2024 at 10:07 PM |
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For guidance on your pitch deck, business plan and application send me an email oladejibidmus@gmail.com |
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Right here. For any enquiry send an email to oladejibidmus@gmail.com |
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A university degree is not a requirement for a startup visa. You are required to prove that you can communicate in english language by writing IELTS with a minimum band score of 5.5 Lordkross: |
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I dont charge any fees for information that i share. i didnt pay anyone for information on the UK startup visa. i did a whole lot of research and it took me months to develop my business plan. i decide to share this opportunity to people who would like to relocate to the UK via the startup visa route which is quite easy and fast 1 Like |
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AI Engineer and Software developer. Please note, you business idea doesn't have to be in tech. It could be any business idea provided its Innovative, scalable and viable Tolzeal: 2 Likes |
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100% new, but the technology exists in another sector. So I would say its a 100% new in the sector I ventured into SocialJustice: |
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Provided you have every other document ready (bank statements, IELTS) It takes 2 - 3 weeks tops uchdollar111: |
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Proof of funds is my own money. I didn't pay it in. My calculation was based on the money spent. To your question. The accelerator will not provide you with funding. All they would do is provide you with resource support in building and scaling your business. You are expected to work full time to to raise funds for your startup SocialJustice: |
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I'm afraid i can't name endorsing bodies on this platform. Its a public forum. It could be seen as a way of advertising for the endorsing body which the home office disagree with. All I can say is go to the UK home office website and lookup startup visa. On that page you will see a list of approved endorsing bodies. Just click on each one of them and shoot them an email. Despite the fact that I have received an endorsement one of them send me an email asking to send my business plan for assessment As regards the software, you can google Liveplan, bplans, upmetrics. They have free and premium plans for your biz plan. If you still require further help just follow my signature and send a msg, I will be so glad to help. I hope that answers your question Olurinade10: 5 Likes |
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To start with your first question, you can live anywhere in the United Kingdom. Furthermore, I do not believe that there is any visa that is 100% guaranteed. What I can say is you have a very high chance when you get an endorsement. In almost all cases endorsement leads to visa. There are cases where the UK embassy would require more clarification in your business plan or if they believe that your business idea does not meet the criteria of Innovation, viability and scalability. In that case you might be in invited for an interview. Such case is so rare since the endorsing bodies have handled that part already I kinda agree that it's cheaper compared to studying but it all depends on your plan and what you hope to achieve. You can pay a business development consultant but before an endorsing body issue you the endorsement letter, you guys would have a zoom meeting and they would ask you questions about the business. So if you are so sure that after the consultant write the plan and you can study it so well to answer any question, then you are fine. I choose to write the plan my self because this business is my baby. It took months to develop the program, researched the market available for the product in the UK. I applied for the start up visa with the aim to build my business. Some people might use it as a way to enter the UK and then switch to another visa category SocialJustice: 1 Like |
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To everyone reading, is this the pathway you would consider to immigrate to the UK? There are several factors to consider. Remember this Visa category allows you to bring your spouse and kids to the UK. Tuition is free for children before their university education. Healthcare is free. Good infrastructure and working governing system 4 Likes 1 Share |
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Application Process: After I got my endorsement, I reactivated an old dormant bank account. I deposited the equivalent of £1270 (proof of funds) and waited for 30 days before making a visa application. I sent a copy of my BSC certificate and transcript to a credential evaluation agency called NARIC to access my credential as proof that I can communicate in English to waive IELTS-£55 Fees required for the Visa (That I paid) - Application Fee - £363 - Health Surcharge Fee for two years of the visa duration: - £1248 - Police Report (I didn't pay the embassy for this) – N10,000 - Tuberculosis test - $150 I applied online and then got an appointment for biometrics. I used a value-added service (Its optional) where I paid N11,700 to help with arranging and uploading my documents Got notified in approximately 2 weeks for passport pickup OYA MAKE WE CALCULATE £55 (Nari) - N31,072 £363- N205,000 £1248(Health Surcharge) - 705,061.53 - Na dis wan really choke me Police Report - N10,000 TB test ($150) - N62,125 Value Added Service - N11,700 Account student service - N4,000 First Biz Plan Software ($20*2) - N16,572 2nd Biz Plan Software - N13,257 3rd Biz Plan Software - N12,000 Endorsement Fee (£500) - N282,537 Total - N1,353,324.53 Conclusion Is it worth it? We are going to have lots of differences of opinion. But if you ask me, I think it's worth knowing the value of my business. 11 Likes 1 Share |
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Writing the Business Plan: This is the most tedious part of the application. I’ve never written a comprehensive business plan in my life. The business plan I’m used to is the lean canvas they teach you at startup school, just a single page. I checked online to look for business plan writers, and those I got in contact with charged outrageous fees of like 150k to 250k, and they still didn’t understand my business idea. They declined because they claimed they couldn’t do UK market research for my business idea because it’s not common and also because it’s a new market. I checked on Fiverr (a freelance marketplace), and it was hell. Crazy fees with no assurance on the time of completion. I took my time and looked up business plan writing software. Most of this software charges a license fee of about $20 per month, so I subscribed to a one-month plan. Initially, it was going smoothly until I got to where I had to do a market analysis, and I gave up. I looked up another software and subscribed (this cost me $32). In summary, I used three different business plan software packages and completed the business plan in 3 months after sleepless nights. I submitted the business plan to the endorsing body by mail and acknowledged receipt. The endorsement body accessed my business plan in four working days, and they sent an email about some concerns they had about the plan, which was my financial projection. I had to visit a polytechnic close to me and pay a final year accounting student (4000 naira) to correct the error. I submitted, and in about 3 hours, I got a response with an invitation link to a Zoom meeting scheduled to be held in 1 hour. I attended the Zoom meeting. They asked about the plan and drafted a contract to enroll in their accelerator program. I reviewed and gladly accepted the £500 initial deposit. I got an invoice for £500 to make payment, and I got my endorsement letter sent to my email 24 hours after payment. 7 Likes 1 Share |
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The Process As mentioned earlier, an endorsement letter is the main requirement for a UK startup visa, so I visited the UK Home Office website for information on the approved endorsing bodies. About 52 business development agencies and about 110 universities in the UK endorse applicants. 80% of the universities that offer endorsements are restricted to just their students. Some universities will endorse any individual on a student visa regardless of their school. The Business development agencies have their requirements on applicants they endorse. Some would only endorse applicants who are in tech; some would endorse all kinds of applicants irrespective of their business idea sector. But almost all business development agencies require that you enroll in their startup accelerator program at a fee before they can endorse you. After going thru the list of endorsements and their requirements, I started by visiting their websites one after the other, reaching for the contact email address, and I sent an email to each of them inquiring about getting an endorsement. I sent an email to about 17 endorsement bodies, and I got responses from 8 of them. They all asked that I send a pitch deck (a summary of your idea in slides). Three out of the eight endorsement bodies I sent my pitch deck to, 3 of them said they could only endorse me as an innovator, even when I explained I had no £50k to invest. They insisted that either I take it and invest 50k or leave it. Of the remaining 5, 4 loved my business idea (a tech solution for diagnosing in hospitals). The last endorsement body said they only endorse a whole team of entrepreneurs (a founder, product manager, UI designer, etc.). So, I was left to choose from 4 endorsement bodies, and I took my time to look at their requirements for enrolling in their accelerator program. One of them insists I pay an upfront fee for the program, which is £6000. Two of them require an initial deposit of £2000 and allow me to pay monthly once I get to the UK. So, the last one charges £2,500 for their program and only requires a down payment of £500 and spreads the balance in monthly installments to start payment on the 5th month after arriving in the UK. So far, that was the best. To proceed, I was asked to submit a detailed business plan (my biz plan was about 47 pages long). They emailed a template of the way they want the business plans and explained in detail in the project how my business is Innovative, Viable, and Scalable 1 Like 1 Share |
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The Beginning It’s always been my dream to be globally recognized as a tech talent. Early last year, I stumbled upon a piece of information online about a UK visa category called the Technation Global Talent Visa. After going thru the requirements, I knew this visa wasn’t for me because of what they expect of you as a globally talented techie is outrageous. Then on LinkedIn, some Indian travel agents wrote an article about the same Global Talent Visa. I connected with him, and we had a Zoom meeting where he accessed all of my qualifications. After this assessment, he advised that I try another UK startup visa category. He told me I didn’t need all the requirements Global Talent was asking for, that all I needed was a business idea, and he would help me get the visa if I could pay him £15,000. He was persuasive and wanted me to pay the money fast, and that’s when I suspected he could be a fraudster. So, I took my time researching the UK startup visa, and that’s how the journey started. 1 Like |
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My Application Process, Which Got Me The Startup Visa (Including The Financial Implications) I would only discuss the startup visa process because that’s what I applied for, and I have no idea of the process for innovators. I forgot to mention one crucial thing: the essential criterion before you can be issued a visa is getting an endorsement letter from one of the UK Home Office approved endorsement bodies. To ease the process of getting a startup visa, the UK assigned the task of endorsing applicants to business development agencies (endorsing bodies) to access startup and innovator applicants’ business plans to see if they are innovative, scalable, and viable. 2 Likes |
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Sincere apologies for starting late. So we would continue from where we stopped last night |
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Need to retire to my bed. I will continue in the morning |
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I'm open to taking questions and providing answers. And in the absence of none, I will proceed with the step by step process of my application and how I got the visa (including the financial implication) |
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So what’s the catch? Why the UK StartUp or Innovator Visa Let me highlight some of its perks and flaws For the StartUp Visa: It's valid for just 2 years and has no option of renewal which it's not a path to settlement (though there’s an option to either switch to an Innovator visa if you can show evidence of £50,000 or other visa categories such as skilled worker, global talent visa, student visa, etc) You are allowed to bring your partner/spouse and up to 4 children who are below 18 years. You can work full time while developing your business for you to raise funds for your startup which means it’s not a prerequisite to have readily available funds for your business. Although an initial proof of funds of £1270 is required to show you can sustain yourself upon arrival to the UK. You can travel out and back into the UK but must not spend up to 180 days outside of the UK in a year Also, you must not have previously established a business in the UK, and in the case where you have registered a company, such business must not have traded For Innovators: As mentioned earlier, must show the significant success of an existing business. The Innovator visa is valid for 3 years and it’s a path to settlement. This means an innovator can apply for an Indefinite Leave to Remain after running a business successfully after 3 years and then a year later apply for UK citizenship. Allowed to bring spouse/partner and 4 children. An innovator cannot take up a job and most only focus and work for their business. Can travel and out and back into the UK but must not spend up to 180 days outside of the UK in a year 11 Likes |
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Kindly ask questions if you have any before I continue. And in the absence of none, I will continue |
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The United Kingdom introduced the Startup and Innovator Visa in 2020 for international entrepreneurs to come to the UK to start a business. While the startup visa is for a new business, the Innovator visa is for experienced businesspersons seeking to establish a new business in the UK. What Kind of Business Can You Start In The UK To Qualify For This Visa Category For Startups: All that's required is a business idea that must be Innovative, Scalable, and Viable. So I'm gonna break down what these 3 key criteria mean. For your business idea to be innovative, it must be a new and original business idea that proffers a solution to a problem. This business idea/plan must be new to the UK market or either create a competitive advantage. And if such business already exists in the UK market, your idea must be an improvement with a unique value proposition. Viable: A business idea/plan is considered viable if you have or actively developing the skills and knowledge required to run the business. Scalable: Your business idea/plan must show that it has the potential to grow and create new jobs. It's not necessary for your startup to be a tech one. It's just any business that meets the 3 listed criteria. For Innovators: Same criteria applies except that the innovators must be experienced who must show evidence and demonstrate significant achievements of their business. Also, they are required to invest an initial fund of £50,000 to qualify 2 Likes |
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Two more people signify your interest and I start. My reason for doing this is because of some of the challenges I faced when putting together my application. When I started I checked on nairaland to see if there is a topic or probably any successful applicant who had at some point discussed it on this forum, but was so surprised to find none. So I am doing this for those who might need help or need more information on getting a UK startup visa. I'm not an agent neither am I an immigration consultant and I am giving this info free of charge 4 Likes |
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I refuse to be bullied by you doggedfighter: |
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Says who? doggedfighter: |
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Hello Nairalanders. Recently I got an endorsement for the UK startup visa and I am still amazed how easy the process from start to finish without the help of an agent or anyone. I am here to share with you guys the whole process. Kindly indicate your interest before I begin. If you ve got Japa plans, jump in here and gain some insights on how to get the UK Startup Visa 14 Likes 1 Share |
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nnamdiosu:Participants of a training program needs to enter there ID number to download their certificates. Also employers can use this site to verify these certificate |
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etoluw:I never thought I would have to pay for this. Kindly help me with this as I have a deadline to meet. I just need guidance on what to do |
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Hello everyone. My WordPress skills still suck but I really need help in creating a particular function. I am trying to create an interface that requires a user-assigned code to automatically download/display a pdf file. Sort of like to verify for a document online |
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Someone should kindly help with this. buster: |
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Hello everyone I've been a silent reader for a while and i have decided to take much time before i start the application process to get a student visa and i want to thread carefully to achieve a flawless application I have a 3year Professional Diploma in Health information management in 2014 and i have been working since then. My course of study at the moment do not have an accredited Bsc Program so i have decided to go for an advanced diploma or Certificate program in Health Data management or Health Management information systems But i have the following concerns - I am 32yrs, gainfully employed. Will this affect my chances considering my age to do a 1yr Advanced Diploma or PGC. Also note that i graduated since 2014 and decide to do an Advanced diploma course after 7yrs of graduation - My employer has decided to sponsor my program with a signed condition and agreement that i would return after studying. Is my employer eligible to sponsor me? - I have no travel history except for visiting Ghana where i travelled passed through Benin Republic and Togo. Would travel history be an obstacle? - Ties: I'm not married neither do I have a kid. I have no landed property. The only tie i have is my aged mother and my job. Would this affect me or what other tie can i use to prove that am gonna return after study - i have done a lot of certification programs in data management, data analysis and database administration as it is related to my course of study in accessing and analyzing patients medical information. Does this increase my chance? Below are the list of documents i intend to submit - Proof of employment: confirmation of employment, payslips, pension saving statement and staff ID card, study leave letter and leave allowance evidence - Sponsor letter of reference stating that i work with the organisation and they would sponsor my study - Resume: Giving a breakdown of my work experience and my current job description - Company's bank statement - My salary account bank statement - My personal bank statement - My aged mother information (Birth certificate, biodetails and her current medical condition) - Information about my other siblings in Nigeria and in the US I really want to make this application right though i know no one can guarantee if I will get the visa or not but i just need help with vetting and what i could possibly do or add to increase my chances of getting a study visa Thanks 2 Likes 2 Shares |
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